Bitcoin Forum

For last 2days bitcoin is continuing it's uptrend run. It's close to 12000$ now. But why all the alts are going down? Especially the top alt coins which had a good price before the dump.
For example BnB was 31$ when btc was 11300$ and ETH was on 380$ when BTC was 11400+$ . Now BnB at 28.7$ and ETH at 370$. Any reason for the dump?

It's normal if you see BTC is increasing and altcoin is decreasing it's obvious that more people are trading with Altcoin and Bitcoin pair than trading them with USDT or any stable coin.
All traders right now are smart, what they focus is to trade with altcoin and Bitcoin to multiply the amount. The price movement of Bitcoin/altcoin pair is much bigger compared to USDT or any stable coin.

And actually it just the same as before after block halving altcoin is decreasing(Bear market) more while Bitcoin is keep increased(bull market). But after the Bitcoin bull market and slowly drop in price the altcoin rises. Which is obvious that they share profit to other altcoin or they prefer to invest in altcoin instead of withdrawing them directly due to taxes or restriction/limitation. That is just what I believe before compared to the movement price of bitcoin today is unpredictable and it is not the same as before but if the price of altcoin drop but bitcoin is increasing then it's obvious that they prefer to invest more in Bitcoin(I feel that we will see the price at $14,000 or more soon).

A simple way, you can follow this:
BTC Pump : Altcoin Down
BTC Down : Altcoin More Down
BTC Stable After The Pump/Dump : Altcoin starting to back up again and could be higher than the previous price before the dump happened.

There a few reasons why altcoin dump when we see from the price movement bitcoin. If bitcoin pump the altcoin with bitcoin pair try to adjustable the estimation USD Pair so the bitcoin pair altcoin could be down and make USD estimation still same or down a little bit. If bitcoin down, everyone who holding altcoin try to cutlose their asset before getting more loss.

So the best option to hold the asset, always hold bitcoin more than altcoin because the first asset will move always bitcoin then after bitcoin will be altcoin party.

Just because there was a price drop, it does not mean there has to be a reason. Sometimes the market just corrects after a previous trend. It's normal
I am going to compare ETH to BTC since ETH has been one of those top altcoins that have been very volatile.

As you can see, after doing well for a larger part of the year, the drop started all the way from the beginning of September on a 1-day chart and not just 2 days ago as you think

https://i.imgur.com/YyiRxha.png

If my observation are correct then it seems bitcoin dominance is increasing, few week back it was reported to be dropping that's why most alts recovered but it seem it's increasing back. When the dominance of bitcoin increase it dumps most other coins, as more liquidity are been moved into bitcoin. Lets not forget there was a dump after the $11.8k resistance trading price was broken, it saw the price dump to $11.7k which saw most altcoins dumping massively as when ever there's a dump in bitcoin price it affects the alts more, due to its current bearish state.

Although my explanation above did contribute to the downtrend of altcoins in general, still there are also some significant reason why the coins you mentioned are dumping. BNB just completed it's lottery draw for one of the launchpad project which means those that didn't make they cut will sell off their bought BNB and since this is a regular occurrences, the market is reacting towards this.

In regards to the ethereum observation, it still fits in the explanation of bitcoin looking more bullish as it stands therefore more liquidity are flowing into the bitcoin market, buying off bitcoin thereby increasing the demand and price while alts surfer.

A simple calculation and economics class would really be enough for you to say that if the other do get some increase and the other side is decreasing then
you can say that people are switching now to bitcoin.Is it really that hard to think on the possibilities or the actual thing that do happen in the current market?
I wont say that it is the exact reason but if bitcoins price tends to rise then most of the time, alt market do suffers or would surely put in reds but there are
times that alts will go along into the current movement of bitcoin.If it increases then it do increase too but most of the time both are going
on opposite paths.So theres no need to panic here yet those decreases are just too minimal for you to get worried.

There's no obvious reason for alts dumping since yesterday other than the fact that traders are moving funds back to BTC in order to cash in on the pump. We should already be used to situations like this.

-Bitcoin pumps, Altcoins dump.
- Bitcoin dumps, Altcoins dump even more.

The only time altcoins have a good run is when Bitcoin is stuck in a range. Other than that, it's pretty much the same story every time. As a matter of fact, it's the "normal" around the crypto market. Our best bet now would be to pick up altcoins that have dumped and wait for a relief rally. Bitcoin is approaching the 2020 high resistance.

This is the normal trend of cryptomarket, every time bitcoin pump most of the altcoin are dumping and this happen so many times in the past year beside the dump is not that big so nothing to worry about with your altcoins. If the bull market begin, don’t worry because bitcoin and altcoin will pump at the same time. Good altcoins can recover easily, just keep on holding patiently.

In a normal world, the reason (motive) would be reason (wisdom). ;D
Normally I would be happy, oh some overpriced shitcoins are dumping while bitcoin is steaming ahead, but unfortunately, I know that once the upward move is done for the altcoins will start again creeping closer. So, if you're hugging some precious coins you'll get your time to dump them at a better price for BTC.


Now that you mentioned USDT, I looked at the volume, wow, that "thing" has more volume in the last 24h than BTC and ETH combined, the rest doesn't even matter. I'm again afraid to even google or search the forum, is bitfinex printing again?

A normal scenario between altcoins and bitcoin and its good to finally see bitcoin pumping again.
I do hold altcoin as well but we are still dependent to bitcoin and if bitcoin succeeded to break the resistance and continues the up trend, the next move for altcoins is also to pump higher after this short dump, this is so exciting so don’t panic at all and see the trend of cryptomarket before while you’re waiting for the altcoins moment to pump.

BTC dominance in the market has increased to 60.5%. Whenever we see BTC up to and alts down, this is one of the usual markets that we used to see. The two trends like BTC up to and alts up to as well as the other thing but BTC dominance is decreasing if that happens.

In this case, it's many traders are going back to BTC which made the dominance possible. This is not odd and this has been happening, it's just noticeable because the pump is quickly happening. I wish that it goes back faster to $12k. And the normal do of the market, we'll see this cooldown. Maybe after a day or two or even just for hours.

The most logical explanation is that altcoin investors are simply shifting their funds to bitcoin right now that's why bitcoin is pumping to almost $12k, but altcoins is bleeding, and that's always been the case. And that's why you will hear that altcoin is a 'pump-and-dump' market, because once some of these coins could no longer be pump it will go on a massive dump and then the money moves to bitcoin market.

So don't be surprised, this so called phenomena have been seen in the past already. But it could have a devastating effect to altcoin holders though, specially if they think that money will continue to pump the market.

I hope you're right. I hold 2 altcoins from the top 10 of coinmarketcap and it hurts to see them in their current prices. I was really hesitating to buy that altcoins at first because I'm thinking btc will pump in few months, but since they're really cheap that time I had to buy them. Now here I am waiting for my sell order to be filled on that exchange.

you are also making the mistake of looking at altcoin's USD value which happens to be dumping now but it usually isn't the case. the altcoins versus USD usually go a little up during bitcoin rises because they get dumped against bitcoin as traders pull out their bitcoin from the altcoin market.

for example over the past 7 days according to CMC, ethereum has gotten dumped about 0.2% against USD while it has been dumped 7.6% against bitcoin. that is because bitcoin price has gone up about 7.4% over the past 7 days.
that is usually the case with big altcoins with high volume, they get dumped nonetheless but their dump is usually slightly smaller than the bitcoin price rise (eg. bitcoin up 10%, eth dump 9%) so the net result could be slightly higher in terms of USD creating the illusion that the shitcoin had gained value whereas in reality it was dumping hard (which doesn't seem to be the case this time*).
for smaller altcoins this is more severe because their dumps are faster so they lose a lot more value. for example if bitcoin went up 10% they get dumped 15%.


* i think this is because more traders are catching up with this trend and realizing that the altcoin dump is inevitable so more of them are cashing out during bitcoin rises hence creating a bigger dump.

Are you new in this space? To be honest this market situation should be expected. If you've been here since at least a few years ago then this should not surprise you. Those alts will come back again and if BTC stabilizes at a high price then it might pump higher than ever. That is what most people called "alt season". Take a look at a few months back, you'll see similar patterns here and there.

You're correct, this isn't first time we're encountering such movement. At the moment BTC is trading around $12,190 when the rest of the market is down. We just going to head alt season so it shouldn't surprise anyone since the dominant coin is back. Anyway, my anxiety is it's best time to buy alts?

Not all time the price of the altcoins to the bitcoin because they have day that they are difference , but most of the movement of the altcoins is same to the bitcoin but not always you okay with that? Depends on how many buyer buy bitcoin and altcoins maybe on that day they have differences happen but be still thankful because both altcoins and bitcoin is not dumping the value.

Because of fomo? As usual, stocks dip and crypto dips, but people holding all the altbags see Bitcoin reach August high and they of course liquidate alts to buy more BTC. But everyone seems to be recovering again now and Bitcoin is pushing up most alts, even all the Defi ones. Bitcoin is boss as usual.

Once again, it's all about Bitcoin dominance. Back then, most of the altcoins are being influenced by Bitcoin's price spike during the ICO hype last 2017. I believe that the market is more matured right now, it seems that the influence of altcoins to Bitcoin's price is almost no longer in place. However, it feels good for Bitcoin's price to soar past $12k. I would rather choose BTC price growing steadily like a staircase rather than being parabolic.

What do you think also the reason why altcoins pump but Bitcoin dumps? Because that case is similar to what it happens now, not surprising since we that sentiment before.

Like to say, investors are trading Bitcoin (so it increase the demand and correlates the price) more than that they'll trade with altcoins ( it drive to lessen the demand as well as the price). Nothing new to this scheme, and it was clear to think how volatile we are.

Yeah bitcoin price was able to cross 12k$ already and it is a good as we are seeing a green market as of these days and other currencies will surely to follow. With regards to your statements that other alts are going down, I can't agree with you fully to it because if you are going to check thoroughly most of the alts are starting to move upward and there are more green compare to red as of these days.

Altcoins will follow and let Bitcoin lead us into a great up trend again. Every good project, coins and token will go up this time so don’t panic yet. There’s a good news in the market right now, Paypal made a big statement supporting cryptocurrency, and I’m sure this is the reason why Bitcoin pumps, and this can benefit the whole cryptomarket including altcoins.

It's a matter of time for the altcoin to have the pumps. After bitcoin price stays at a price, the altcoin will follow to increase, and sometimes, the altcoin can break the new high price. The altcoin price will follow the bitcoin price, and if the bitcoin price increases, the altcoin price will also increase. No need to panic if you see your altcoin price is down because there will be other days for the altcoin price to rise. This time is for bitcoin price to grow, and hopefully, we can see the price break $12,500 and $13k before this end of the month.

 what did you expect ? your expecting all coin moves with btc  ?

wake up guyz . this is not the thing that will happen forever but btc can go solo in some occasions  or i could be wrong and the effects were just only  delayed . like what happened before  , its thier leader and leader should take the first step . lastly theres a strong demand for btc because alts season were done  . they also need to pump btc because btc didnt move by the time altcoins are pumping last time  .

It is too early to tell but this could be a sign that smart money is feeling that a drop in the price is coming in those coins and they are switching to bitcoin to consolidate their profits, which to me seems like a good thing to do, after all while the bubble was fuelled by new money coming to the market it also was fuelled by people selling their bitcoin and getting ETH to invest in those coins, so we could say that this is a sign of the end of the DeFi bubble and the beginning of a new bitcoin bull run, however it is too early to say if this interpretation will hold true but I suppose a great deal of the members of the forum would like that to be true.

I think this is just a normal thing right here because I saw from the previous years of the bitcoin. If the price of the bitcoin goes up there is a chance that the altcoins drop too and vise versa. Sometimes they are both increasing or pumping mostly the pair of the bitcoin and ethereum. This is just base on my observation too. Every time I observe the top three coins there are always synchronous changes.

Also, it's too hard if all of the coins pumps it's a big loss dumping and pumping is part of the market.

Bitcoins at present high, however in crypto space it's early to call when it's going up, as for now altcoins not move yet so strange? There's more reason why alt season yet little far. It's going up just matter of time. Soon altcoins season will start and afterward it's going up drastically.

Right now, when I bought some sand coins in binance BTC extremely pump. It arise from 10K dollars up to 12,800 dollars. I don`t know what happened to it but the altcoins is dumping. In fact, we don`t know what we will gonna do in market than stay our funds in bitcoin. When btc goes up, alts goes down but when btc goes down, alts will follow. So, if you bought alts today swing trades is your best option.

All altcoins revolve around bitcoin, but that doesn't mean that a rise in bitcoin will pull other altcoins with it.
The crypto market operates in a way that no one can predict, perhaps this time all eyes are on bitcoin and many investors are temporarily leaving other coins to invest in bitcoin.

I like this one.
Had the same motto even before.
I mean after USDT was created.
But before that, it was Bitcoin up, altcoin down, and vice versa.
Now, you won't see that anymore. It requires a good coin project for it to go up when bitcoin is being pumped.
Stable coins really made a lot of change when it comes to trading.

If Bitcoin suddenly pumps, when it was still at the price of $ 11,400 and it went up to $ 11,900. Usually the altcoins will go down in price,
because Bitcoin dominance is rising. But if we be patient for a while, usually the altcoins will go up too, proven now Bitcoin rose again past
the resistance price. So the altcoins started pumping, now Ethereum's price is $ 393 and BNB is $ 30. As predicted by many people, usually
Bitcoin near the end of the year the price will continue to rise, I am now optimistic that this year Bitcoin will rise to $ 15,000.

Okay lets take the current situation or movement of the market as of today since bitcoin is almost breaking up that 13k resistance.

Here's an image that do oppose on what Op is trying to say about altcoin dumping..

https://i.imgur.com/YdBcvMd.png

We can see that top 10 is going along with the trend.The only red ones are to those low cap or low ranking coins in the market
which isnt really that something new.

This is the general trend. Once you spend more time in this market you'll come to realise that whenever BTC is pumping temporarily all alts may encounter downtrends and this makes absolute sense also. One way to think about this is BTC sucking up all the money from the market to propagate its bull run and once this stabilises more or less alts start adjusting also.

I hope this makes it a little more clear why some alts are down while BTC is well above 12.5k  ;D

you can see at this time, that all Altcoins prices move positively up...
It is commonplace, when the Bitcoin price is bullish then Altcoins will follow even though it is a bit late. so when the Bitcoin price is bullish then be ready with bullish Altcoins too.

Pump happens due to more and more tech companies are investing in BTC. It's good for all of us due to BTC will push all market up. If I'm not right share your opinions.

A small price difference actually can't consider a dump at some top altcoins. It's just that those altcoins can't establish a strong position during the BTC price increase. There is no specific reason for that. It's usual and even not alarming. You just have to be used to seeing that kind of price movement from now.

Rather than being worried, take the opportunity to grab some of your preferred altcoins. The other way around, which is, altcoins might take its turn to go upward can happen any time.

A day past this topic and the entire market is rallying, bitcoin made a huge pump of 10% and the rest of the top altcoins followed the same path with Litecoin leading the way with 16% increase and the rest of the coins follow along that lines and one day has made a huge difference in the market situation, anything is possible in cryptocurrency and all you need is patience.

That has been the norm since the evolution of blockchain, besides all of these alternatives coins are paired with BTC. Until the dominance of BTC reduced drastically, this will still continue.

Do we really expect that bitcoin and altcoin have the same trend? When bitcoin pump some altcoin will follow it's trend to btc. It will take time for some altcoin to pump. This shows that users focus more on btc to trade as the current price is increasing. Also, users are taking this opportunity in btc and it is good if you can have some or accumulate alts in your bag while it's not yet in a bullish trend.

It is normal though. I can guarantee that there is nothin wrong in this situation. The formula is always the same. Funds are added to bitcoin in order to increase the volume and the market cap. Then, people will use their bitcoin to buy altcoin which will make the price of altcoin moving forward. Currently, the momentum only exists in bitcoin but soon, it will spread all over other altcoins. Just look back at the 2016-2017.

Why dont you buy some altcoin for yourself? This my be the best change to go on a train before its too late. You can not have a better price than this. During the pandemic, there was a big surge on the crypto market which caused a huge drop in the price of every coin. Right now, everything is recovering and it seems that everything is set up for a huge pump

People are selling their cryptos to buy Bitcoin that could be the only reason why every coin is dumping while Bitcoin is bumping.Well I don't see huge dump on alts, already the prices are in green and its almost same as the bitcoin for now.

Trending of BTC is a sign that bitcoin is more popular than any other cryptocurrencies. Many cryptocurrencies are dumpling in this season right now, that is making some trader afraid of their coins they are still holding over six months . Bitcoin is taking over the market with so much surprised of pumping while others such like altcoin tare dumping gradually over few weeks now.
I came to observe it that any time bitcoin is going up altcoin will be going down. Even Ethereum and BNB are reducing also in the market that is making some traders to guess is because of pandemic in the world.

Yes the crypto market will pump up a lot but there are many differences between Altcoin and Bitcoin. The cryptocurrency market will pump Bitcoin even if the demand for Bitcoin is higher looking at 2017 a lot can be seen. The reason why Altcoin is going down is that the demand for currencies is declining and the market is not able to pump much. The price of all these currencies increases depending on Bitcoin. Even if the pump dump is running in the market the market may rise in front.

This is the easiest way to understand why the bitcoin pump causing the altcoins dumped. Yet i still expecting the altcoins like litecoin will go down later after a slight up like what we are seeing , mark my words that those altcoin that following the bitcoin trend to go up it's just temporary, soon it's gonna get down to a dip especially when bitcoin run much more unstoppable passing $15k or more.

While waiting that moment , just prepare your cash to go to buy altcoins as once it go up .. you might will have 300% or more in profit awaits!

People always think once the bitcoin value rise it same to the altcoins it is mostly and they have time it not same . But for sure the altcoins are rising again so dont worry it will hit again the value that they reach before just be patient just focus now on how to increase more thr value of the bitcoin because if that coin rise a big chances to follow the most of the crypto coins so you will get beneifts if tha's happen.

I was amazed to see that. People were moving to bitcoin from altcoins. Seems like now the alts trend back again. Beside btc alts price are also increasing. Among top coins eth and ltc doing really well. Bitcoin marketcap dominance reached over 61% but now it's decreasing slowly. I wish btc will continue it's upward movement more strongly. All these fluctuation depend on investor thoughts.

Today the price of ethereum too have increased along with the bitcoin. There is increase in the market dominance of bitcoin, which is an indication of bullish trend. Altcoins on the other side has been experiencing limited growth, while few altcoins are pumping in similar percentage of bitcoin. It is the time to buy small priced altcoins, because soon there'll be growth with altcoins following bitcoin.

This normally happened dude, so it's not new to me. I've seen this also for a couple of years now as well, where most of the altcoins in the market go down when the price of Bitcoin spike its price. Then, in vice versa when bitcoin goes down most of the altcoins goes up something
like that.

After people make a profit from bitcoin, they will move to altcoin and hope they can make another profit from altcoin. But now, they still enjoy making a profit from bitcoin because bitcoin prices are still up and down, and that still a good chance to try to make as much profit as possible. But they need to be careful because these situations are still unpredictable. Bitcoin prices can still increase, but bitcoin can decrease the price. We don't know about that. Ethereum and other altcoins are trying to follow behind bitcoin and want to use the moment to lift the price.

Just hope that bitcoin can still lift the price, and although the price is down, the moment to down will not take too long, and the price will have another time to increase and break $13k.

If you look at the MACD, the chance for bitcoin to increase still wide open, and I guess the trend still goes up and not reaching the highest line, so we hope that bitcoin can grow. But if the price doesn't get more support, then maybe the price will go down, and maybe that will be the time for the price to adjust.

Thankfully, the news helps me to understand why is it so sudden to see such pump of Bitcoin and Ethereum. Hopefully, there's no sudden FUD going to pop out of nowhere then BAAM, Bitcoin back to its normal price like 9k to 10k  in the last month again. And since Bitcoin did break that 12k to 13k resistance I think the price correction will hit soon but for the altcoins it's only the Ethereum I noticed that benefited to their Defi hype I think that's why most of these altcoins didn't even rise when Bitcoin is pumping.

Defi hype was not the reason why Ethereum follow the Bitcoin price momentum in the current uptrend market, mind you ETH was know for following Bitcoin market step after halving before the existence of Defi and what I believe also trigger the uptrend of ETH is 2.0 which all phase are almost executed.
With that been said, i expect Bitcoin market to experience market correction soon cause the recent trend was played by arbitrage traders.

Base on the previous historical data of cryptocurrency market before the bullish market Bitcoin was always expected to lead first before the altcoin market follow base on there level of community support and it this trend continues then theres possibilities that the bullrun market have start but before it starts some little correction will occur with the surge.

Well, if you aren't aware yet, this is what I actually meant for the hype of defi.
https://decrypt.co/45536/ethereum-transaction-fees-lowest-price-defi-boom

Of course, Ethereum will follow if Bitcoin started to pump I've seen it happen before and it will going to happen again in the future. I also expected that correction to happen soon since it is obvious that the market is moving fast I don't if it's the arbitrage traders or it's because of this — https://www.cryptoglobe.com/latest/2020/10/bitcoin-fund-listed-on-toronto-stock-exchange-hits-100-million-market-cap/.

Well, it has been like this back in the day as well, looking at the situation right now everything is up, it got down for a moment there but right now it caught up, there is a 6% or so increase in bitcoin right now but when you look at ethereum in the past 24 hours there is a 7% increase, or in link there is 9% or in litecoin there is 12% so basically for the past 24 hours everything went up.

Just because it didn't started that way doesn't mean that it will continue that way neither, it is going to have a difference of movement speed, bitcoin could react a lot faster because it is the first one, but other altcoins could stay at their own place which makes them "look like" they gone down because they didn't increased like bitcoin but they will react later than bitcoin yet still will react anyway.

That's a fair point to be made aware of. BTC is actually climbing relatively fast and momentarily it looks like alts are doing bad when all there is to them is adjusting period.

I should add that as in the past when the same thing happened, BTC pumping meant that the whole market turned green after a while and by the looks of it BTC is on a much anticipated bull run which means that even alts will subsequently grow along with BTC but not at the same rate.

This is what we called balancing the sats value in the market. I never seen to my entire trading history that when bitcoin increases, altcoins have the same direction. The thing is, altcoins does not moving down, it is just the sats value that rise. Therefore, we have to increase our bitcoin when we are trading altcoins as well. Because whenever there is a pump in bitcoin, our alts value will remain. Actually, after the run of btc right now. Altcoins will follow.

I'm totally aware of Ethereum network transaction fee status and thats the reason why I told you early that the phase of all ETH2.0 which is almost complete is what led dump in tx fees.


That news was just not the genuine reason behind the fast surge in price of Bitcoin and the last time i checked it was the implementation of cryptocurrency announcement made by Paypal (https://twitter.com/PayPal/status/1318930120523087873?s=20).

Its all random and it had been always like this since from the start on where we cant really make out conclusions or able to point because movement is subjective

and had that kind of behavior neither they do move in the same patter or would just stay down behind on one another.It does depend on how crypto investors will
move out their coins.

If there are movement in BTC just like on what we are seeing now, its not necessarily means that alts will be on reds.We can see that some top alts are in greens too or
making up some gains but there are times which these are on opposite scenario thats why its really hard to tell when it comes to giving out some patterns
of correlation.

So many reputed members gave the answer. Though its natural. Traders are crazy that's why happening this. Price is going high and after the paypal announcement traders selling their altcoins and buying bitcoin without any thought. When some good news come traders always move to bitcoin and sell their altcoins. This is the reason.

This is not surprising to see bitcoin is pumping while altcoins are continue dumping. We have seen this trend in the market so many times. I think right now people are trading more bitcoins compared to altcoins that makes bitcoin keeps on being dominant in the market. But we should not worry because altcoins will sure to recover after some time.

In fact if btc is pumped the reason other coins are dumped is because everyone is leaning towards investing in btc due to which the price of bitcoin increases and the price of other currencies decreases. These usually increase by increasing the demand of the market not surprisingly the price of bitcoin as well as other altcoins will go up bitcoin will be at the top of all if bitcoin performs well the price of altcoin will increase.

The effects of Bitcoin on all cryptocurrencies are direct and indirect. In most cases, we find that when the price of Bitcoin dumps, the price of other cryptocurrencies starts to decrease, and when the price of Bitcoin increases, other altcoins do not increase as much as Bitcoin in Satoshi so in both cases cryptocurrencies decreases compared to Bitcoin. Moreover, with the exception of a few cryptocurrencies, most cryptocurrencies do not have a huge demand, so once their value declines, they cannot return to their previous state. Bitcoin is the most popular cryptocurrency in the world, so it is not possible to compare it with other cryptocurrencies.

This phenomenon was also only in a short time, the altcoins rose in value a few days later. Bitcoin is the main coin and altcoins will react more slowly to market trends, we should calmly hold the altcoins.

Read the bolded words again if you didn't understand why the prices are surging in a phenomenal rate for the past 24 hours to 48 hours. You can buy and sell bitcoins and you can buy things using those bitcoins but you can move your bitcoin to anywhere from your PayPal account.

This is showing that bitcoin is like a king to other cryptocurrencies because anytime it is rising other cryptocurrencies price will be going down in the market.
Ethereum, BNB and litecoin since bitcoin started pumping many investors are experiencing dump of those coin in the market. Bitcoin is coming up again with so much pumping to over top other cryptocurrencies.
Many traders prefer to invest with bitcoin now than Ethereum which was their favorite in the market but right now bitcoin is taking over the market by speed pumping in the market.

I don’t know where you’re checking your own prices from, as far as I know the prices of the coins you have mentioned are moving with Bitcoin. I checked these three coins you have mentioned here and they are all on the green and increasing: $12,954, $416, and $31 respectively, and they are all on the green right now, with Bitcoin hitting $13,200 as recent peak price levels.

Not for the coins he has mentioned , the ones that the op mentioned here are good coins and their prices are not negative as the op has said. Binance coin is one of the best coins to invest in right now.

Litecoin (LTC) rose more than 10% on Wednesday, outperforming bitcoin (BTC) to top the list of the best-performing major cryptocurrencies after PayPal confirmed it’s entering the cryptocurrency market and included LTC on the list of cryptos its customers will be able to buy, sell and hold. Litecoin at a price above 0.0046 is a good buy for a breakout of the level.

https://i.imgur.com/FQTIBMP.png

This situation is still going on today. BTC has grown rapidly but is not sustainable, although the news regarding Paypal is really good news. Buy volume is not too large. The remaining volume is poured through Uniswap and farming, leaving only a really small portion for Altcoin.

But if I am not wrong Paypal also announced to accept some altcoins as well apart from Bitcoins so why would the market move so much towards the bitcoins confuses me a lot. Yes Paypal move is a big positive for BTC and it's great but they are also going to accept BCH and LTC along with ETH so actually altcoins should instead move up.

BnB is moving up again slowly though and actually maybe people are thinking like Binance is going to slow down and lose a lot of investors and traders to Paypal but honestly speaking Binance will never lose the customers because as far as I have understood Paypal is only allowing to store bitcoins and not to trade them with other coins.

The surge of Bitcoin nowadays will simply mean that many investors are moving into Bitcoin that of altcoins. Like to say, 70% for Bitcoin investment while 30% left for altcoins. It is the demand increases that push the price to uplift and possibly make bullish.

Well, I hope that PayPal could make such a huge attraction for investment as they announce their crypto acceptance. Because the more it hits in the market, the more people will encourage to invest then. If that so happening, the possibility is clear enough for another ATH this year.

It will be same when we see the altcoin are increasing a lot but bitcoin just have a little move. We have seen it a few times ago when a good news from paypal came, there are plenty of altcoin were increasing.

So, I wasn't weird when it was happen in altcoin. Maybe many traders only focus to trade in bitcoin and they leave altcoin marker for a while. And actually, it is often happen to me, when I start to trade I'll pick one coin who has a good price movement. The coin which has high volatility so as I can make a profit as soon as possible.

This what I can share to you mate.

When Bitcoin price goes up while alts are going down, that means volume or money are transferring from alts to Bitcoin. Traders/ Investors are eyeing Bitcoin and are selling their alternative coin holdings for Bitcoin.

When Bitcoin price goes down while alts are going up, still the same, trader/ investors are selling Bitcoin to buy alts. Just exchange of assets inside the cryptocurrency marketcap.

When Bitcoin Price goes down while alts too, this is a bad scenario since it depicts that traders/ investors are selling Bitcoin or Alternative coins to get out from the market commonly known as Bear Market.

When Bitcoin and alternative coins price goes up this represents that new money are coming in inside the market and represents Bull Market.

This is a summary that I can share to you mate. Whatever happens, always do risk management in trading and investing.

It's BTC season, everytime BTC goes on a rally Alts tend to bleed (Even ETH).

This is the cheat sheet:

- BTC going up + Alts going down: Money going to BTC
- BTC going up + Altos going up: New money on the market
- BTC going down + Alts going down = Money leaving the market
- BTC going down + Alts going up = People selling BTC for Alts

On bloody days like today for altcoins, we take a step back and ride the BTC pump or we just chill and enjoy our day / take a rest.

Alts will get back later, and stronger.

https://cointelegraph.com/news/bitcoin-trading-dominance-hits-2017-levels-not-seen-since-20-000-btc

Usually though when the price for bitcoins move up then almost every crypto moves up some might be slow and some faster but the usual trend obver the years have been like that. Now it is a bit different that the price in alts is going down because I would understand if the price remains stable for alts but decreasing price might show some serious surge in investors towards bitcoins and because of so many bad coins maybe investors are now losing faith in the altcoin market.

You may call any coin as shitcoin but BNB is a solid one man and it allows to reduce fees on Binance exchange so it can't be categorized as shit and Ethereum has been the backbone in the crypto space.

Bitcoin is the king. People know it in their subconscious. They just want to make an extra buck on the side trading altcoins when BTC is consolidating.
It is normal for people to dump altcoins when Bitcoin is gaining traction. After all these companies/funds you see on the news are acquiring Bitcoin, not altcoins. We should follow their footsteps. Just my cents. ;)

This was certainly not a new topic to be talked about for ever since, that is an observable thing that Bitcoin price is indirectly proportional to altcoins on which we can see that when the price of Bitcoin pumps, then the price of Altcoins do dump and vise versa. But that is not always like that, although most of the time is goes like that, but still there comes certain instances where both Bitcoin and Altcoins do pump at the same time. All of those were just normal and nothing to worry about specially if you were staying in this industry for quite sometime, such observable trait will not bother you anymore. This just shows how Bitcoin dominance is being observed and correction on prices are being done.

It is normal for Bitcoin to suddenly pump, then the altcoins dump. Because many investors are moving their altcoins into Bitcoin.
After the Bitcoin price stabilizes, it will slowly start to rise in the altcoins price. So my advice is not to panic if you see the altcoins
dump price when the Bitcoin is pumped, stay patient and hold the altcoins that we have, I am sure it will not take long for the altcoins
to go up in price again.

What we see from now on will depend on what kind of impression the DeFi bubble gives on investors, for example if the DeFi bubble ends up abruptly it is reasonable to expect that bitcoin will keep growing without carrying alts as people will not be willing to invest in altcoins due to what happened, but if the fall of the DeFi coins is slow and there are still many coins producing profits in the case the price of bitcoin keeps increasing it is to be expected that many altcoins will grow as well as investors will still have trust in them, especially the ones that have performed greatly as of late.

thats normal my friend, because money move from altcoins to bitcoin
wich mean a lot of people exchange or sell their altcoins to bitcoin now, remember if sellers stronger than buyers the price will down

I’m not surprise, if you observe the market way back the all-time high it happened. The cycle occurs when bitcoin price increase and some altcoin is decreasing. This means traders more focus on btc movement to gain profit.

Bitcoin pumping and creating altcoins dumps have happened a lot, because many altcoins holders convert their assets to become Bitcoin.
But usually it won't last long, because the altcoins will go up following the Bitcoin price. Therefore you must be patient when investing in
altcoins, because altcoins price movements must be affected by Bitcoin price movements.

It's caused by the altcoins traders were leaving the altcoins market to join in the train of bitcoin. when the train will have stopped and they will be going back again to the altcoins. The altcoin and bitcoin traders were always jumping from one to the another market to take the opportunity.
Altcoins were losting its value in bitcoin term but altcoins don't get a big dump caused by the pump that is still happening with bitcoin. Everyone stick to the bitcoin right now.
This is always happening with bitcoin pump was coming.

yeah sucks alt relentlessly dump every hour, many panic seller unloading their stash even at minus

next month maybe quite recover for many alt, and many project release their card on november-december

sugesting some pomp on several project, if everything happen smoothly  :D

So you are suggesting people to keep on holding their altcoins (specially the shitty ones) while the price keeps on dropping where as the price of bitcoin keeps on rising? Wouldn't they be losing opportunities by holding their altcoins that are losing values? They can always dump their altcoins and then invest in bitcoin. We have always seen that when the price of bitcoin starts rising, altcoins price drops. Once bitcoin price becomes stable, altcoins starts to recover and then rise. So isn't it better to dump your altcoins, invest in bitcoin, make profit and then buy back whatever altcoins you have sold for cheaper price and make more profit when it recovers?

It's already too common, so many people don't panic with this repetitive situation. We never seem to have seen the title Every other Coin Bump, But BTC Dumping, I may be mistaken ;D.

Seems like he is, which is very bad advice and precisely how a lot of whales make money in this Defi hype situation (very similar to the ICO days don't you think?).

Bitcoin is pushing hard now to grow and altcoins are still struggling, people always know this but they keep playing with shitcoin fire. I made that mistake myself but not anymore.

Actually smart money entering only into BTC and it creating FOMO situation everyone rushing towards this train and don't want to miss it out. That is the reason why it is hard time for altcoins because smart people are not interested to invest in any altcoin including ETH too so that people are dumping their bags to buy BTC.

Well, if you are talking about ethereum and bnb, i think you shouldn't worry. Because both of these 2 are the major altcoins and recover sooner or later. But if you hold some other coins (especially not at top20 @coinmarketcap) you should worry when bitcoin has a sharp uptrend or downtrend.

You are probably talking only about these short and slight fluctuations in price. As Bitcoin's price continues to upward, altcoins will continue to rise. At the moment, we are seeing movements that indicate the nervousness of investors who watch the market every day - mainly daytraders. That's why they quickly transfer funds from altcoins to BTC - that's why the altcoin prices are falling. Long-term - capital will flow from the outside and many new investors will see the "new Bitcoin" in altcoins and their prices will surely grow as well.

Bitcoins are always in the high price it can be dump again but it will need more months to dump the price. And we never expect on it why some altcoins are dump and to hard for them to recover again. Maybe we need to wait a little more for altcoins for a recovery. We hope not end of the year altcoins would be start to increase the price, I have any altcoins right now on my wallet and I supposedly waiting for them to increase the price I hold them for so long for the time for them to rise.

Maybe because they want to double the money faster so they sell their Altcoins and use it to buy Bitcoin. This is like following a trend, if the BTC trend is stable they will go into altcoins again to look for profit again

This is exactly what happens - it is the fastest to convert crypto to crypto. When investors see Bitcoin's price accelerating, it's the fastest to convert altcoin to BTC and buy at a lower price at the beginning. Therefore, the effect is a temporary drop in the price of altcoins. When more outside money enters on the cryptocurrency market and the situation calms down, altcoin prices will also go up and catch up with Bitcoin.

days after your post Ethereum Rise upto almost $500 so this means we only need to wait the process,eversince it is Bitcoin who grows first before all altcoins those legit.
Bitcoin now is standing strong in $13k level so assume that in the next months altcoins will make their own ways of increasing.
we just need to wait and invest because without our help then why prices will grow?

This is already a well-known rule. If Bitcoin goes up, altcoins drop. If Bitcoin falls, altcoins fall again. This has been like this for years. It is ridiculous to open the topic whenever it happens.

Still, not so many crypto people are aware of it. They only see the tandem of bitcoin and alts correlated most of the time. Bitcoin-altcoin up, that's mostly what they see and if it goes against to each other, they don't understand what happens.

But whenever this happens, there will be a time that it will be correlated again. And then, altcoins are always late in the increase after bitcoin goes up. Just a normal observation that we usually see whenever its in bullish trend.

Theres no such patter when it comes to price movement neither they do correlate or alts might be late for them to increase or totally go to the opposite direction.

Thing here is that someone should really know on how to observe things up and act according to his own and make utilization with those movement for your benefit or making out money.

Not just because BTC is pumping does definitely mean up that alts are lagging behind or in reds because some of them do really go along with it.

Price is truly unpredictable where it can go both ways or totally different and this is what make its even more harder.

Yup.

That's a certain thing for the market. We can't really expect something to come if we're not totally aware of the past behavior of the market. Alts can do come with bitcoin at the best but often times, it doesn't.

TAs are helpful but if you have been observing the market + the experience that you've gained on this run, you'll understand why the market is always unpredictable.

This is expected to happen when bitcoin rises, many investors would desire to grab every opportunity to gain a good profit. Many reasons we should consider, it maybe a need for money or greed to take back the fruits of their labor. For now let's observe when this dump trend will last long, and if it's just doing for short period of time I guess and hope that it's a great preparation of an upcoming bullrun.

It is normal and there will be more dump for altcoins due to the correlation between BTC and altcoins. The price of BTC is an overbought zone on oscillators and all technical indicators show the price will come back under $11000 sooner or later. Maybe the altcoins holders have sold their bag to buy more BTC at the right time. Dumping the promoted altcoins and buying the altcoins which grow every day is a smart move but only risk lovers will prefer such way of trading. One day things can turn reverse and sold altcoin bags can gain value while the last bought BTC price goes down. It should be measured from all angles for avoiding the huge loss one day.

What you said is true if holding shitcoins will be more detrimental, I also haven't held shitcoins for a long time. What I mean is that holding
top altcoins don't need to panic, like Ethereum, Litecoin, Binance coin, Ripple and others. Maybe my mistake is not explaining in details,
because some altcoins recover quickly. It is true that not all altcoins are worth holding, therefore it is very important to do research to select
projects for investment.

This always happens...we need something like Bitcoin to stay like above $15K, due to adoption, not speculation. At that point, FOMO for Altcoins also

kicks in as they are 'cheaper' per unit. In the past the Altcoins tend to go up faster in such a senario and then dump even more than Bitcoin ..should BTC

back slide some. So the 'trick' is ..to 'time' your altcoin sales at that sweat spot for Bitcoin, IMHO.

Sometimes this works, but even so you will never time it at the ATH for your particular Altcoin vs Bitcoin...but hey, hope springs 'eternal'. ;)

Thus, myself, I have the usual forks of BCH and BSV ...I plan on dumping 1/2 of them...leave the rest alone on legacy wallets. *no real reason, just doing so*

have some LTC/LISK in a Solo401k plan I should *probably* dump for 'income' now that I've retired. And Siacoin (don't ask me why)..which I should also dump.

My timing sucks, only all above worth maybe 3 BTC after cap gains and stBradate taxes...was 6 BTC a few months ago, live and learn.

But, yeah, this is the last or most altcoins I plan to move to BTC...but 'timing' wise don't pay any attention to me.

Again, the catch is when Bitcoin Pumps all Altcoins 'dump' as people get out to 'buy' Bitcoin on the FOMO.

So, I'm in HODL mode on my 'altcoins' above, until, HOPEFULLY, Bitcoin stabilzes at a floor price of say $15k and then the Altcoins (in the past..remember

I know zip) have then caught up. So if I'm right and time such, I can get some more BTC than selling Altcoins now...if I am wrong..my alcoins will 'mostly'

go poof anyway and I will dump and my problem is also solved. (win/win/sob!) :)

But to me, enough drama with BTC ..plan to get the rest of my mined and other dubious altcoins out the door for Bitcon ASAP!

Then *hopefully,* I will only have to *fret* about what to do with all my BTC money? Will I wimp out and sell to much? Will so much $$$ worth of Bitcoin

*mysteriously* make me more attractive? Only time will tell on the above ..*clueless* I'm just winging it! :)

Brad

The reason why some alts are down and btc is going up its because they sell thier altcoins and invest into bitcoin to get a position when btc will fully go up high like $20k,  btc is dominating the market and thats why some alts are down.

the dump effect happens on my portfolio too which are only compose of tokens , id say not really a good token because i only got them in a giveaway kind of programs .  i dont think serious investors invest on them and i dont think hunters or the holder of this coins sold thier part because these coins are still in a bad shape .

there must be another reason here and not because of the common reason that you were saying but its possible that people are accumulating more btc and they buy it using thier own cash

Coti before it dumped hard, it reached 800 satoshi. But it is 200 sats right now. Icon which I bought around. 5 sats has 2k sats right now. Actually, I cannot anymore digest the happenings in altcoins. My portfolio is killing by the certain drops of the price. I hope altcoin will revive soon because we already suffered from a great loss due to btf dominance.

Most of the people are holding bitcoin at this time. They are selling most of the altcoins for buying bitcoin. As a result the price of altcoins is decreasing and the price of bitcoin is increasing.

From the moment you post this post to the present you can find the answer for yourself. With the good news that BTC has gone up and we are looking forward to 15K, the Altcoins is understandable, as we've been in for a year affected by the plague. And now it's the end of the year and I think many Asian investors will get their money back.

Its just a normal thing,  if traders saw btc starts to pump they start to sell thier alts and put it on bitcoin, and when bitcoin is going down they start to sell and put them on altcoins, thats why altcoins will start to pump. Vice versa.

I understand that people are upset over the past weeks results and that is fine but look at whats going on right now, the altcoins are making a great come back. decred, omg, celsius, file all made a big comeback and I think it will go on to even bigger ones as well. Even ethereum is not falling anymore and that is at least a start for now, I believe not falling is the first step to going up.

Altcoins will recover from this faster than we imagine, bitcoin went up just too fast and altcoins couldn't catch up with how fast it was, so they got low a bit but I am 100% sure that when bitcoin slows down a bit and doesn't move, altcoins will find the time to recollect and reach back to where they were and even gain on top of that as much as bitcoin does at the end.

This thing works constantly, however persistence could decide your prosperity. The market is volatile to predict and the sudden downfall of other altcoins at least indicate that it's not an easy put on attention equally. When Bitcoin is on fire, it's simply matter of time alt season on the way!

Most older alts are down so low they would have to go up 200% to make money on or break even on what they were bought at not so long ago.

So much manipulation.   I think staking now is the only way to make money in crypto.  Unless you are very aware of current trends, like the people who made money in Defi.  You could dollar cost average Defi coins and maybe make so money but you need to have your capital to do that.

It happens and the name of this relation is a correlation in finance. The positive correlation can cause big gaps between the top and low-rank altcoins, so checking the correlation graphs is a safety measurement from getting stopped out before trades. Altcoins will not gain value soon, the markets are in the depressive mood, IMHO.

This is called smart move, since It's not bad to take profit, and re buy back again. There lots of people use the moment and enjoy the benefits of bitcoin which is on the rise as you state. Its just dumb if you make a dumb move right. Been in the crypto market for over 3+ years and following the pattern would be best move.

Even experts will never give you the answer to the question why Bitcoin and cryptocurrencies do not go up or down (in the same direction) all the time. Bitcoin, as the best crypto of all the times, and probably, the king of the crypto market forever, will be steadily growing in future.

Here, on this forum I see something completely different.. Reading the speculation section, it may seem that most Bitcointalk users are price predictions specialists. :)
Of course nobody can predict the price, but what actually happens is that when Bitcoin's price starts to rise very quickly, altcoins go down. This is probably because investors simply move capital from alts to BTC.

It is not the repeat of last year with bitcoin and it is a big consolation for altcoin. Since last year November we have seen bitcoin lead the pump while ethereum follows. Ethereum is not having the dump that we saw last year which shows its keeping a close mark to push after bitcoin. I hope after USA election and some relief from pandemic we can see another ride in the space. Where are the bitcoin maximalists in last 4 months on social media until last few weeks? there is no cause for alarm, altcoins is needed here  but not all of them

This is the real truth that now only BTC is pumping because of the many people are working from and who are jobless they are finding a new opportunity for the income. So, if 2% of the people from the jobless have come to here in the crypto market then BTC must go towards $14,000 by dumping. And looking at this stage the other cryptos are also making a slight growth but have not seen a real growth like the 2017 bull. This situation of the BTC growth looks like artificial growth. So, trade very cautiously.

I do hold altcoin too yet we are as yet ward to bitcoin and if bitcoin prevailing to break the obstruction and proceeds the up pattern, the following move for altcoins is additionally to siphon higher after this short dump. I was truly dithering to purchase that altcoins from the start since I'm thinking btc will siphon in hardly any months, yet since they're truly modest that time I needed to get them.

Bitcoin show some good stats last week taking the $14,000 value but step down instantly after a while.

I think Holding and Buying Altcoin for now is one Best action than Looking for what is the big difference between alt and BTC.
In this we can assure our folio to be Blooming once the Bull run comes,and we can take our much awaited Income for long.

Why not create the same thread 1 month Before this one?when the price of Altcoins are growing high comparable to what is Bitcoin movement?
Sometimes we are just looking about the single position but not in the whole Phase.
Defi coins are altcoin also But they are moving High even other altcoin is subsiding so why bother when you have seen these for so many times before..
bitcoin is the Top currency and being the model coin in which must Pump first before others follow.
this has so many users and supporters compared to altcoins so just Keep the holding eventually your alts will move up as well.

alt bleeding continue until btc consolidate in this month, many alt will recover in december, before btc continue to climb

this moment is crucial for both side, high volatile shaking trader to wild, even hype eth 2.0 dont match btc effect

many alt relly on eth price, they follow eth trend

maybe the red colour in altcoins will go until the end of this year and next year altcoins price will start to climbing mate
by the way this is a good opportunity to buy altcoins right, but remember only a good and solid altcoins not shitcoins

Sometimes expectation are not really meant to happen like the situation of altcoins. We thought bitcoin can influence the price of alts to increase as well but that is not the case at this time.

So yes for now lets just fill our bags with establish altcoins to hold. If the alts season occur we can gain from it, who knows it might happen early next year.

today bitcoin and others cryptocurrency down my friend, maybe this is a corections on market capitalizations of cryptocurrency
but maybe not for long, because this is only a corrections and in the near time crypto marketcap will grow higher and push the price of bitcoin and other good altcoins to grow

There's no specific time on when it would happen and theres no assurance it if would really happen again.If you've been here on this market for a while
then you do able to see those situations where bitcoin and altcoin price doesnt really mean that they will really be having always that similar pattern
when it comes to price movement.Sometimes they do correlate and go together but most of the time they arent or simply one is rising and the rest is dumping.
To think that market switch up do happen which is a no brainer where investors do transfer out their funds to bitcoin and leaving alts behind and the time
for profit taking then there's a time where money flow again on the alt market.

Its normal and the best thing to do when btc bumps seek for the best altcoins and buy them while they are down cause once the price of bitcoin become stable,  altcoins will be the next to rise up.

Indeed that Bitcoin is pumping weeks ago and obviously until now.
That is exaggerating mate because the right word is "Majority of the coins" but not all of them because i have checked the market and there are many coins who's not dumps that day.
Those are necessary dump since Investors are playing with Bitcoin and taking their stakes on those coins but what happens couple of days after that?BNB and ETH pumps and gain almost 2 digits in percentage.

when the altcoins go down. you should be able to think that it is an opportunity,
we can buy Altcoins to accumulate Bitcoin, because the price of Altcoins in Pair BTC is cheap,
of course it makes the whales hungry to buy, don't miss this opportunity!

^ If you look at the experience that has often happened, often when the Bitcoin price has stopped moving up, Altcoin is late moving up.

currently, Bitcoin price is holding in the range of $ 13k - $ 13.9, surely in the near future when Bitcoin passes $ 14k then other Altcoins will move up too.

I wouldn't be so sure. In my opinion, it all depends on how quickly the Bitcoin price starts to rise. If it is a slow and steady growth, it is possible that altcoin prices will also follow the price of Bitcoin. However, if the BTC price starts to rise very quickly, I am sure that the alt prices will be dumped again and then we will have the opportunity to make shopping again ;)

Bitcoin and altcoins had a different thing that people do not understand that didn't happen this time around that shocked others. What was the deal is the fact that when one coin worths 10 bucks that means it worth let's say 0.0001 bitcoin right? But when bitcoin started to worth more, that coin still worths 10 bucks but now it worth less bitcoin. That is how it used to be, bitcoin values changed but the dollar value was something more stable or at least more independent from bitcoin prices.

What really changed this time around was the fact that altcoins didn't went down from bitcoin alone, it went down in dollar prices as well which usually doesn't happen all that much when bitcoin goes up, usually there is a slight change like 3-5% at most but nothing 10+ like we had recently.

truth is when btc pumps big chance it might crush other alts for simple fact that the money that makes pump possible actually flows from the alts. it's not a magic money that makes btc pump suddenly but instead some part of market cap from these alts and I think that's quite logical in this case.
The only way for the whole market to be pumped is when the flow of capital coming from outside the whole crypto market just like back when the whole crypto market is so overhyped in 2017

That's because instead of withdrawing their alts and exchange it to btc because of fear missing out the train or afraid of the alts gettin dumped so hard the people back in 2017 invest into some alts directly from USD.

But, that's simply because people back then has no clue what kind of investment they are getting into and turns out to be a big flop. Nowadays, bitcoin and alts to me seems like mantaining some balance to each other.

at this time isnt normal alt being dumped everyone leaving the ship, many alt already hit new ATL and stil continue to downward, many ppl hoping btc stop at 16k base on fib

i didnt expect to much down when i bought a month ago, now almost -30% and continue down, lol, no panic here, give btc room to growth and alt recover later

btc need to up first to gain wider money sucking outside crypto and begain to pull new investor and buyer, then alt begin to use the moment to gain

See whats happening  on the market right now, btc and eth continue to soar as reverse to some altcoins. If bitcoin continue to pump then expect that some altcoins will also continue to go down too.

I see this as a great discounted price and nothing more, people act like things will continue to go down forever but I do not believe that, I think it is going to be something a lot more different, it is going to be discounted price now and it is going to increase about 25% or even more in the near future, probably inside this November month.

So, if you have any money that you could spare for investing (do not use money you need) you may actually end up with not doing that bad very soon when the prices increase but be careful about being able to wait, it may not be too quick so you need to be careful. I really do not know what people could do with altcoins going down because there is no way we can stop it while sellers keep selling, but when that stops it will be our turn to increase it.

This is also very confusing for me, because usually when the price of BTC has a significant increase in price, of course it will also be followed by an increase in the price of other altcoins, but this year the fact is that only a few large alt coins have experienced a slight increase in price and even then is still in the level of price increases. A reasonable rate of between 10-30% and there is no surprising an increase in alt coin prices as was the case in 2017, when bitcoin and alt coins hit their highest prices.

altcoins are dumped for BTC. its always been what everyone wants to hold when the prices are going up. if anyone still hold and altcoin while BTC keeps rising, he must be rooting hard for that altcoin and probably even accumulating while it dips every day.

the altcoins i thought would go up all the way because its tech is superb but its also dumped hard. UNI bottomed at $1.90, that's a good price to buy. someone who bought at such price likely have bewn celebrating by now.

Its always like that so there was no reson on why the BTC pump and the altcoins also dump.
That was not new for us even do in the past year the bull run started there are time the BTC will pump and some altcoins be dump.
And Ill think in this year are always the same, So must better to buy more trusted altcoins than to watch them to dump or pump.

Or vice versa, some random altcoins start to pop up on Coingecko due to the abnormal trading volume. Maybe the traders dumped temporarily the altcoin portfolio and the smaller marketcap altcoins have lost the market balance in short term, the price has been crashed. Right after the stable BTC rates over $14500 the same people came back to buy their bag with cheaper price and bingo, double win! Traders with big bucks can change the market conditions for their favour but this will lead to a vicious circle if there is strong opposition. The market is not always predictable and manipulation doesn't work always.

I'm not surprise to see the market like that, when btc pump other coins are dumping. This is the cycle I observe in the market, price is volatile so we see it rise and decline. If the project is solid it will increase let's just wait and hold for the meantime. This is why it is important to search a solid project for us to avoid getting lose when the markets in red marks.

traders dump altcoin because they didnt want to miss the train when bitcoin price start rising. it several times happen and we know this habbit , it could be our simple strategy to gain profits in market. as long as bitcoin dominance still above 60%, holding bitcoin be main choice for us no matter there are alot potential coins , but certainity and risk must be first concern in our invesment.

There's a lot of money in altcoins. They will eventually go up and overcome bitcoin in profitability

But this 2020 cycle is completely different from everything that happened in previous cycles. At this point altcoins should be already up 100+%. Instead they're still down 80+%, this can mean 2 things:

1) Altcoins are dead

or

2) Altcoins will go rocket up 500% in a matter of a few weeks when they finally start moving.


I believe in number 2 but the market makes us feels like number 1 is in play. HODL or quit.

As bitcoin goes so too, eventually, does the rest of cryptocurrency.  There are a few things happening when bitcoin surges:

1. alt-coin holders liquidate for BTC in order to make short term gains

2. Bitcoin buyers hold some amount of BTC but also start targeting small cap coins to enter for future gains. 

3. The alt-coin hodl'ers buy back into previously held positions to grow their holdings of the alt coin. 

This is good for bitcoin.  This is good for alt coins.  Just be patient if you don't want to play the trading game.  As long as the alt coin is good it will continue to grow.

i dont think so mate, this is the early periode when bitcoin price pumped and traders directly covert their altcoin into bitcoin and ethereum. but after several weeks or days i am sure another altcoin will following bitcoin and ethereum price direction to soar. at this moment maybe top100 will have same direction and other altcoin dumped. and when traders thinking its bullish moment really come back not only bull trap , they will start buying altcoin.

Don't worry, I think this is a good opportunity to buy potential altcoins at a low price.
Bitcoin's strong growth but altcoins are bleeding because the US dollar is slowly depreciating. Americans and a number of other financial funds have sold off USD to look to Bitcoin in hopes of escaping the inflation of the Dollar. After the hype has faded, altcoins will follow in Bitcoin's footsteps and grow as strong as 2017.
Ps: I simply want to discuss, so this is just my prediction and hope everyone will look closely at the general economy to make the right investment decision. ;D

Yes, the current pump on bitcoin that is happening gives opportunity to those who love altcoins because once bitcoin stop from soaring, i think altseason will be the next in line. History will repaet itself so be ready for huge profit.

There are still some people who go right into altcoins as well but they are at least a bit smarter about keeping a bit of it on coins like btc and eth, they know that what they are doing is risky so they do not go all-in anymore like people did in 2017.

There is no way people would have been able to keep the defi prices and volume at such a huge level and have like 200+ million volume on uniswap if they were "that" careful, obviously people are still a bit more brave and silly at the same time (depending on the result of your investment) but that doesn't change the fact that you do not end up doing anything risky when you keep most of your coins at btc, so why not try smaller projects with like 10-20 dollars each to see what will happen, maybe 1 out of 10 could come out to be something decent, who knows?

So what is the consensus on this thread? Is this a product of 'speed' of price rise of Bitcoin and will Altcoins eventually catch up in price ..if not the same percentage as

say the Bitcoin price shooting up (it is Bitcoin by the by) ...but still enough to HODL sh*tcoins/altcoins rather than move them to BTC? Or is it that the speed of the BTC

rise and consquential pump of Bitcoin to cause a and current speedy  overcorrected "maybe' dump in altcoin prices..mean altcoins in the 'future' won't recover

significantly, in price? The great and 'lagging' usual 'altcoin/shitcoin to BTC price revival?

 In other words, should I have sold my altcoins already and bought into the pump of Bitcoin and

now, and likely in the future the altcoins, in price and significance, will be left farther and farther behind, with Bitcoin pumping? ie boat missed will never catch up

with future BTC pumps by HODL'ing 'dubious' altcoins at this point in time? i.e. 2020?

I ask because in the past (when altcoins were proportionally much closer to price than Bitcoin like those 'ancient' days of the past of Jan 1st, 2020 and Bitcoin was

$7,234.47 as an example)

So to clear up my 'mess' of questions above, will, in folks opinon here mean that 'unless' Bitcoin goes down significant'y in price from $15k and/or sideways and/or has a

signficant dump on its way say...and I continue to HODL my altcoins for a pump..I should maybe just 'punt' and sell them instead?

Or will Bitcoin stabilize at whatever price $16k, $20k, $25k ...and then we will have the 'great' altcoin revival ..surpassing the % increase per altcoin price rise

vs Bitcoin % price rise instead?

The old 'saw' Bitcoin goes up 1/3rd and LTC and ETH double in price? I of cour Not that I think it will apply like that as some have done in the past?

I'm pretty much clueless if anything hangs together altcoin wise in this manner anymore in the screwy days of 2020! :)

Jump in here on which way the mop may flop above, if you are like me, sitting on your hands with some Altcoins you are wondering about cashing out of

and just going all in (or HODL) on Bitcoin only!

Brad

Some positive news that hit BTC and ETH in the past 2 months has made the prices of BTC and ETH continue to experience rapid price increases, for example, such as ETH, which is getting ready to launch ethereum 2.0 so that investors start selling other alt coins and buying alt coins ETH and also BTC so that the buying volume of ETH and BTC becomes bigger so that it automatically pushes the price of BTC and ETH has increased prices and the large volume of selling other alt coins certainly affects the decline in the prices of other alt coins besides BTC and ETH in the market.

Which is clear that they share benefit to other altcoin or they want to put resources into altcoin as opposed to pulling out them straightforwardly due to charges. it actually that difficult to think on the conceivable outcomes or the real thing that do occur in the current market. I wont state that it is the specific explanation however on the off chance that bitcoins value will in general ascent, at that point more often than not, alt market do endures or would clearly place in reds yet there are times that alts will come into the current development of bitcoin.

Altcoins are currently having a bad price, but this is an opportunity to make even more profit,
because almost all altcoins are in the bottom zone, very good to buy before they wake up.

I think there is a chance for the staking coins to go up but only if people teach each other how to stake.  An educational movement in that would cause many people to buy the coins and make the prices rise because of demand.

This happens especially when the bitcoin increases in dominancy and it is not hard to understand, let me help you understand this, lets say the total market cap remains the same then due to some fundamental or technical events bitcoin increases in price and dominancy now the total marketcap remains the same so the money flow cap from the alts to btc resulting in reduction in their price.

The Problem is You cant just tell these kind of things I think personally is become a tradition that whenever BTC pumps altcoins bleed out and when BTC normalizes altcoin start the pump So maybe look at it as BTC Clearing the bull way for altcoins Big daddy making sure the road is clear

Am deeply worried and my expectations to see altcoin skyrocket with bitcoin are being tested upon each passing day. All I ever wanted is to see altcoin moon like the days of the 2017 bull run. Although I missed it.
What bothers me most is whether the altcoins I have, will they be part of altcoins that will skyrocket when the bull run starts cos they all look bearish

Bitcoin is keep increased bull market. Be that as it may, after the Bitcoin buyer market and gradually drop in value the altcoin rises. Each time bitcoin siphon the vast majority of the altcoin are unloading and this happen so often in the previous year next to the landfill isn't unreasonably large so nothing to stress over with your altcoins.